Shuttered ivory capital pms prep two ls equity funds

PUBLISHED: 12:17 05 September 2019 | UPDATED: 12:17 05 September 2019 Norfolk and Suffolk are in line for an investment windfall with a £100m private equity fund being lanched. (inset) Foresight partner Russell Healey. Picture: Archant/Foresight Archant/Foresight Businesses in the East of England are set to land a £100m windfall. Businesses in the East of England are set to land a £100m windfall.The Foresight Group is looking for 20 Small and medium enterprises in the region with which to invest £5m. The group is a London-based private equity investment manager and has launched its fifth regional fund in East Anglia highlighting the region's thriving start-up sector. MORE: New Silicon Stakeholders: How the East can build its own valleyRussell Healey, partner and head of private equity at Foresight, said: "The East of England has a large number of companies in an exciting range of sectors including life sciences, technology, media and engineering, but it has … [Read more...] about £100m private equity fund announced for East of England SMEs

Almost USD 2.5 trillion worth of unspent cash, known as dry powder among private equity (PE) funds, is awaiting promising companies across the world. In Romania, the venture capital (VC) market was dynamic in the first half of the year, and players have suggested that this trend will continue through to the end of 2019. In the first half of 2019, the most significant deal that impacted the Romanian market was the USD 568 million funding that UiPath, which has Romanian roots, got from international funds. This saw the valuation of the startup, which developed a robotic process automation (RPA) platform, reach USD 7 billion. “This is the best market environment for private equity Romania has ever seen. Not only in terms of the number of transactions, but also in terms of transaction size and successful exits. Most notably, 2019 has seen the launch of several PE and VC funds fully focused on the Romanian market, a real first for Romania,” Andrei Gemeneanu, managing partner of … [Read more...] about Venture capital to maintain growth drive in 2019

Paisley defends having two TV licences funded by the taxpayer BelfastTelegraph.co.uk DUP MP Ian Paisley has said the BBC's decision to means-test licence fees for the over-75s is "cruel" and will be their "poll tax moment". https://www.belfasttelegraph.co.uk/news/northern-ireland/paisley-defends-having-two-tv-licences-funded-by-the-taxpayer-38210603.html https://www.belfasttelegraph.co.uk/news/northern-ireland/article38210602.ece/60d6b/AUTOCROP/h342/2019-06-12_new_51062157_I1.JPG Email DUP MP Ian Paisley has said the BBC's decision to means-test licence fees for the over-75s is "cruel" and will be their "poll tax moment". Speaking on the Nolan Show, Mr Paisley also defended having two TV licences in his offices at taxpayers' expense. It's estimated that nearly four million pensioners across the UK, including 75,000 here, will be affected by the licence change. Mr Paisley said: "I think it's wrong. "It's a universal benefit and it's something that pensioners - just like winter … [Read more...] about Paisley defends having two TV licences funded by the taxpayer

The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network. /// PRAGUE European attack on Czech interests. PM Andrej Babiš delivered a speech at a lower house meeting about the European Commission’s draft audit report, which suggests Babiš has a conflict of interest. The second richest man in the Czech Republic is accused of misusing EU funds. Babiš, whose party is affiliated to the ALDE group, is suspected of still owning the sprawling Agrofert chemicals, food and media group, which has received EU funds, despite having formally transferred ownership to trust funds to comply with the law. Due to this case, the Czech Republic risks having to return €17.5 million in subsidies. “The dubious audit (is) an attack against the Czech Republic and I repeat once again that nothing will be returned,” Babis said. “The European bureaucrats despise Czech laws,” he added. … [Read more...] about Czech PM attacks ‘eurocrats’ over EU funds misuse suspicions

Brothers Dragos and Adrian Paval, the owners of Dedeman, a company estimated to be worth about EUR 2 billion, have announced that they are launching a new private equity fund called Equiliant Capital, which will invest in SMEs in Romania. The fund will be fully backed by Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60 percent by Dragos Paval and 40 percent by his brother, Adrian). Equiliant Capital will be led by Laurentiu Ciocirlan, the head of Raiffeisen bank’s investment department, who will be leaving the bank after 15 years. “We believe that it’s the right moment to address this segment, which has too few options for development, despite the fact that they are the most dynamic and promising category in the Romanian economy,” said Dragos Paval about the new equity fund back in April. The two brothers have also recently bought The Office building in Cluj-Napoca from NEPI … [Read more...] about Dedeman’s Paval brothers set up equity fund to invest in SMEs